Welcome back to our series on Increasing Your Business Cybersecurity. Our last post discussed never writing down passwords and enforcing that rule within your company with a clean desk policy. Today, we provide a solution to the inevitable pushback you would receive trying to enforce such a policy: “How am I going to remember my passwords?” The answer? Password managers.
As you no doubt know, passwords are a necessary aspect of cybersecurity as they help protect personal and business information from unauthorised access. However, remembering multiple complex passwords can be difficult, leading many to reuse passwords or create weak passwords. To combat this issue, password managers offer an easy and cost-effective solution that can help businesses maintain a higher level of cybersecurity.
The Importance of Strong Passwords
Strong passwords are a key factor in securing your business. Passwords should be unique for each account and consist of a complex combination of letters, numbers, and symbols. However, it can be difficult to create and remember complex passwords for each account. A password manager such as BitWarden can assist in creating and storing strong passwords securely.
Benefits of Password Managers
A password manager can help businesses save time by storing and auto-filling login credentials, reducing the need for employees to remember multiple passwords. Additionally, password managers can generate complex passwords, making it difficult for hackers to gain access to accounts. They can generate passwords up to a length of 128 characters of random letters, numbers, and symbols, making a brute force hack attempt virtually impossible with today’s technology. Or they can generate random sets of words if they are passwords that need to be entered manually without the assistance of a password manager. They also have the ability to store multi-factor authentication tokens that can make accessing single login resources easier within your organisation.
To protect all this information, you can secure your password manager with its own multi-factor authentication. Furthermore, in the event of a staff member being dismissed from employment, they can be locked out of the software, and you can immediately learn which passwords need be changed by seeing which services they accessed with the password manager. You can also store shared passwords in such a way that employees can use them to log into the service, but they don’t have permission to view the passwords, further increasing security.
Choosing a Password Manager
When selecting a password manager, it is essential to consider factors such as security features, ease of use, compatibility, and price. Considering all these factors, we suggest that our clients use BitWarden. Different password managers offer unique features, and the choice of which you use will depend on which of those features you want to use and how you want to manage the setup.
Using a password manager is an effective way to improve cybersecurity in your business. Strong passwords are critical in today’s digital landscape, and password managers make it easy to create and store unique passwords securely. Additionally, password managers offer additional security features such as two-factor authentication, making them a valuable tool in the fight against cyber threats.
Contact Us for Expert Support
If you need assistance with setting up a password manager within your business, get in contact with New England Business Technology by calling (02) 6771 4072 for expert guidance and support. Our team of experts can help you and provide ongoing support to ensure that your business is protected from potential cyber threats. Don’t wait until it’s too late! Contact us today and take the necessary steps to protect your business.